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1384.6 - Statistics - Tasmania, 2008  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 26/02/2007  Ceased
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Contents >> Industry overview >> Contribution of industries to the economy

The contribution of various industries to the Tasmanian economy can be assessed in terms of their contribution to Gross State Product (GSP). GSP is the total market value of goods and services produced in Tasmania within a given period after deducting the cost of goods and services used up in the process of production, but before deducting allowances for the consumption of fixed capital.

In 2005-06, major contributing industries to GSP, based on factor incomes (i.e. the sum of compensation of employees, gross operating surplus and gross mixed income) were Manufacturing (14.5%), Health and community services (9.7%) and Retail trade (7.5%).

Compensation of employees includes wages and salaries, employer contributions to pension and superannuation funds, and premiums paid by employers to workers' compensation schemes. In 2005-06, some 15.7% of Tasmania's compensation of employees was in Health and community services, 14.4% was in Manufacturing and 10.1% was in Government administration and defence.

Gross operating surplus and gross mixed income is defined as gross value added minus compensation of employees, minus taxes on production and imports payable plus subsidies receivable. In 2005-06, some 15.9% of Tasmania's gross operating surplus and gross mixed income was in Ownership of dwellings, 14.5% was in Manufacturing, and 11.3% was in Agriculture, forestry and fishing.

TOTAL FACTOR INCOME BY INDUSTRY AND PRINCIPAL COMPONENTS, Tasmania - 2005-06

Compensation of employees
Gross operating surplus and gross mixed income
Total factor income

Industry
$m
% of Tas.
total
$m
% of Tas.
total
$m
% of Tas.
total

Agriculture, forestry and fishing
240
2.9
802
11.3
1042
6.7
Mining
177
2.1
155
2.2
332
2.1
Manufacturing
1205
14.4
1032
14.5
2237
14.5
Electricity, gas and water supply
214
2.6
533
7.5
747
4.8
Construction
396
4.7
448
6.3
844
5.5
Wholesale trade
297
3.6
271
3.8
568
3.7
Retail trade
708
8.5
459
6.4
1167
7.5
Accommodation, cafes and restaurants
297
3.6
115
1.6
412
2.7
Transport and storage
343
4.1
309
4.3
652
4.2
Communication services
109
1.3
258
3.6
367
2.4
Finance and insurance
416
5.0
502
7.0
918
5.9
Property and business services
512
6.1
412
5.8
924
6.0
Government administration and defence
844
10.1
..
..
844
5.5
Education
836
10.0
13
0.2
849
5.5
Health and community services
1309
15.7
185
2.6
1494
9.7
Cultural and recreational services
146
1.7
64
0.9
210
1.4
Personal and other services
301
3.6
23
0.3
324
2.1
Ownership of dwellings
..
..
1135
15.9
1135
7.3
General government
..
..
412
5.8
412
2.7
All industries
8350
100.0
7128
100.0
15478
100.0

.. not applicable
Source: Australian National Accounts: State Accounts (cat. no. 5220.0).


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